Updated Friday, August 1, 2014 as of 1:47 AM ET
Portfolio - Estate Planning
How the Great Recession Impacted Estate Planning
by: Mira Fine
Tuesday, November 20, 2012

Businesses change in value, however, especially during a recession. For example, say the company is paying buy/sell insurance on a 60-year-old co-owner for a $20,000 annual premium. If the business is worth less, then the payoff amount that the policy covers needs to be reduced in order to save cash. As the business recovers in value, insurance has to be adjusted again and also going forward, depending on the health of the partners.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

2014 Summer Reading List for Advisors

Current Issue

The June Issue is now online!


Industry Events

August 10, 2014 |

September 9, 2014 |

September 17, 2014 |

September 20, 2014 |

September 28, 2014 |

Already a subscriber? Log in here